Lehman Brothers, then the fourth largest investment bank in the US, filed for bankruptcy on 15th September 2008. It is important to check if we have learnt any lessons in these eight years.
One of the major lessons is that while this was a catastrophic event, nobody could predict it. In fact, many expected Lehman also to be bailed out by the US Government. It did not happen. The firm filed for bankruptcy.
Today, many try to predict what is likely to happen. The game continues.
There are few lessons we never learn, or easily forget – both at our own peril.
#RidingTheRollerCoaster – 243